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Asia Connect
The Asian Infrastructure Investment Bank (AIIB) and the Industrial Development Bank of Turkey (TSKB) have signed a US$200 million on-lending facility to contribute to Turkey’s climate mitigation and adaptation goals in line with the Paris Agreement. The facility is backed by a guarantee from the Government of Turkey.
8 Dec 2022
The Asian Development Bank (ADB) has signed a US$40 million loan agreement with Tiger Infrastructure Philippines to build 380 telecommunications towers in the Mindanao and Visayas regions of the Philippines. The infrastructure will enable mobile network operators to provide a full range of mobile and data services to consumers.
7 Dec 2022
The board of directors of the African Development Bank (AfDB) has approved a €166.36 million loan to Senegal for the construction of a 200-kilometre highway.
7 Dec 2022
Nigeria’s Lagos state government has shortlisted three consortia for the contract to build a US$2.5 billion bridge that seeks to relieve severe traffic congestion in the economic hub.
7 Dec 2022
BlackRock Alternatives’ climate infrastructure business in Taiwan has signed a NT$3.91 billion (US$125 million) green loan facility for its solar assets.
7 Dec 2022
A 505-megawatt onshore wind project in Egypt has signed a US$518 million debt package featuring Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), International Finance Corporation (IFC) and a group of Egyptian and international commercial banks.
7 Dec 2022
A consortium comprising Mota-Engil, Trafigura and Vecturis is set to begin operating the Lobito Corridor railway in Angola under a 30-year concession announced earlier this year.
30 Nov 2022
Construction work is about to begin on the 545-kilometre Champlain Hudson Power Express (CHPE) below-ground transmission line which will deliver hydropower from Quebec to New York City.
30 Nov 2022
Japan’s JGC Holdings Corp has won the contract for the front-end engineering and design (FEED) of Nigeria’s first floating liquefied natural gas (FLNG) project, along with Technip Energies of France.
30 Nov 2022
Singapore-based commodities trader Trafigura has closed a syndicated financing facility with Eastern and Southern African Trade and Development Bank (TDB) to develop copper and cobalt mines in the Democratic Republic of Congo (DRC).
30 Nov 2022
Saudi Aramco will invest US$7 billion in its South Korean affiliate S-Oil for the construction of a refinery-steam cracker plant that will convert crude oil into high-value petrochemical products.
23 Nov 2022
The US division of oil trading giant Gunvor has closed a US$1.45 billion uncommitted syndicated borrowing base facility with a group of 16 international banks.
23 Nov 2022
China’s Sinopec and Sonatrach of Algeria have signed a memorandum of understanding on expanding their existing collaboration.
23 Nov 2022
Acwa Power has signed a memorandum of understanding (MOU) with The Sovereign Fund of Egypt (TSFE) to explore a joint investment in 1.1-gigawatt wind energy project in the Gulf of Suez in Egypt.
23 Nov 2022
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